Jinko Solar (JKS) Trading Down 0.2% Following Weak Earnings

Jinko Solar (NYSE:JKS)’s share price traded down 0.2% during mid-day trading on Friday following a weaker than expected earnings announcement. The stock traded as low as $18.30 and last traded at $18.64. 1,144,908 shares were traded during trading, an increase of 89% from the average session volume of 605,500 shares. The stock had previously closed at $18.60.

The semiconductor company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.11). Jinko Solar had a net margin of 0.53% and a return on equity of 2.15%. The business had revenue of $976.40 million for the quarter, compared to analyst estimates of $971.40 million. During the same quarter last year, the business earned $1.04 earnings per share. Jinko Solar’s revenue was up 32.4% on a year-over-year basis.

How to Become a New Pot Stock Millionaire

A number of equities research analysts have recently commented on the company. Vertical Group assumed coverage on Jinko Solar in a research report on Friday, February 2nd. They set a “sell” rating on the stock. Goldman Sachs started coverage on Jinko Solar in a report on Tuesday, January 9th. They issued a “sell” rating and a $16.00 price objective on the stock. UBS started coverage on Jinko Solar in a report on Friday, March 16th. They issued a “buy” rating and a $26.00 price objective on the stock. Vertical Research started coverage on Jinko Solar in a report on Friday, February 2nd. They issued a “sell” rating on the stock. Finally, Zacks Investment Research cut Jinko Solar from a “buy” rating to a “sell” rating in a report on Wednesday, February 7th. Seven investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Jinko Solar currently has a consensus rating of “Sell” and a consensus target price of $20.00.

A number of hedge funds have recently bought and sold shares of JKS. Commerzbank Aktiengesellschaft FI boosted its holdings in Jinko Solar by 103.9% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 371,300 shares of the semiconductor company’s stock worth $9,264,000 after buying an additional 189,170 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in Jinko Solar by 22.8% in the 4th quarter. Guggenheim Capital LLC now owns 827,983 shares of the semiconductor company’s stock worth $19,912,000 after buying an additional 153,506 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in shares of Jinko Solar by 37.3% during the 4th quarter. Dorsey Wright & Associates now owns 257,907 shares of the semiconductor company’s stock worth $6,203,000 after purchasing an additional 70,014 shares during the last quarter. Hussman Strategic Advisors Inc. boosted its holdings in shares of Jinko Solar by 66.7% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 125,000 shares of the semiconductor company’s stock worth $3,006,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Jinko Solar during the 4th quarter worth approximately $1,135,000. Institutional investors own 15.44% of the company’s stock.

The company has a market cap of $717.31, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.65 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.77.

TRADEMARK VIOLATION WARNING: “Jinko Solar (JKS) Trading Down 0.2% Following Weak Earnings” was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3297729/jinko-solar-jks-trading-down-0-2-following-weak-earnings.html.

Jinko Solar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products in the People's Republic of China and internationally. It offers solar modules, solar cells, silicon ingots, silicon wafers, and recovered silicon materials.

Receive News & Ratings for Jinko Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jinko Solar and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Dynamic Materials  Set to Announce Earnings on Thursday
Dynamic Materials Set to Announce Earnings on Thursday
Evans Bancorp  to Release Earnings on Wednesday
Evans Bancorp to Release Earnings on Wednesday
LINE  to Release Quarterly Earnings on Wednesday
LINE to Release Quarterly Earnings on Wednesday
Restaurant Brands International  Issues  Earnings Results, Beats Expectations By $0.10 EPS
Restaurant Brands International Issues Earnings Results, Beats Expectations By $0.10 EPS
Liberty Property Trust  Issues  Earnings Results
Liberty Property Trust Issues Earnings Results
PizzaCoin 24 Hour Volume Hits $7.00
PizzaCoin 24 Hour Volume Hits $7.00


© 2006-2018 Ticker Report. Google+.